The Price Is Right Bangbus Top __link__ -

Ironically, the price of winning is often the . Winners must pay both federal and state income taxes on the full retail value of their prizes before they can receive them. The federal income tax rate ranges from 10% to 37% , while California (where the show is filmed) imposes additional state income taxes of 1% to 12.3% . One winner who collected over $33,000 in prizes had a $2,500 tax bill that was automatically deducted. Since the prizes are tangible goods and not cash, many winners have to pay thousands of dollars out of their own pocket to "win" a car they cannot afford to register.

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